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Frank_NJ
3 Comments
New Fuel Rules Favor Detroit Automakers
Why Auto Stocks Are an Easy Short
But seriously, and in Tony's defense, some posters might attack Tony and mention that being loyal to ones country is unsustainable in today's free market economy and kind of a Luddite philosophy.
However, is that really true when Korea bans American car imports, Japan imposes heavy import taxes on foreigh cars being sold in Japan (plus, the Japanese by nature are very loyoal to Japanese companies over foreigh ones, even in the face of substandard quality), and China requires foreign car makers to partner 50% with Chinese companies. In other words, these countries practice the same thing Tony proposes, so we should as well. Their auto industries are prospering while ours is sinking.
Why Auto Stocks Are an Easy Short
Also, he talks about pick-up trucks, but fails to mention that Toyota's Tundra base V6 engine gets worse fuel economy that Chevy's V8! I think it is about time this author, and maybe most of us reading these posts, that we start being more critical of the non-American competitors for fairness sake.
Finally kid, product development cycles for cars avergae around three years at best. Unlike your ipod or skateboard, changes to the product do not happen overnight. Like many have said before, check your facts first.